Will you believe me if I tell you that you could be a millionaire with only $100? Guess not. But have you heard that there is one investment vehicle that is making so much noise in the market for raising billionaires and millionaires in less than a year?
Shiba Inu is a jackpot for those who stumbled upon it before it took off. Nothing like this great investment has existed in the market before. Despite the fact that nothing about this seems extraordinary at first glance, you would be amazed by how this cryptocurrency has performed compared to other investment models you have heard before.
Let’s not be hypocrites. Who wouldn’t want some quick fortunes, right? This is probably the reason why more and more people are investing in Shiba with the hopes of making huge margins.
Just like Tesla stock, Bitcoin, Coca-Cola, and any other asset, Shiba’s price often fluctuates. Nothing out of the ordinary. But before it reached its outstanding success, it was just a mere thin line that was barely moving in the market until an anonymous investor put up $8,500 investment into the coin. This venture changed Shiba’s reputation, from someone hardly getting noticed to one of the most sought investments.
In fact, some claim that even Warren Buffett wouldn’t come close to this to this nameless investor since he managed to incredibly grow his $8,500 in about $6 billion in just a matter of months.
Nobody has a single idea whether the unidentified investor is among the developers or just some random guy who stumbled upon Shiba by chance. He’s the driver that brought Shiba into its all-time high price. Turning thousands of dollars into billions is just mind-blowing, don’t you agree? This guy must have been born under a lucky star!
Shiba Inu’s first real price spike happened back in May 2021. Though the increase wasn’t exactly a big deal, it has certainly drawn people’s attention to the coin.
In the following months, the price increased crazily by nearly 900%. And this sounds insanely unbelievable, but the coin’s price rose to 90.3 million percent in the last 12 months! This bizarre investment rocketing was only possible in the world of cryptocurrencies.
The hype around Shiba Inu (SHIB) is to the moon.
This is how you go from $8,500 to almost $6 billion! Surely, its crypto developers have gained more fortunes than they would ever spend for the rest of their lives. They have unquestionably won the lottery.
There’s just one thing that’s pretty hard to understand, though. Why on earth does hype involve dogs? Dogecoin, for example. DOGE is just like any other cryptocurrency in the market, but just because it was named after a dog, everyone went crazy and jumped on the bandwagon. Even the world’s richest man, Elon Musk, took an interest in it!
Whose whoever rode the big wave is lucky. They have turned pennies into millions. But if you would observe overall crypto investing, that’s not always the case! It isn’t always beds and roses.
The cryptocurrency space is yet to build a strong foundation for investment ventures, so the industry has plenty of fake coins. One recent example of a scam coin that emerged in the market was the Squid Game coin. At first glance, it doesn’t seem too unusual since some of its crypto predecessors (e.g., Shiba and Dogecoin) also started off as a joke, but it turned out to be a fraud.
We can assume that Squid Game’s developer is a genius! He took advantage of the momentum when the Squid Game show was trending all over the internet and launched a coin named after it. The launch took place in October 2021 for $0.06, and then it jumped to $13 until November, then to $36. The coin ravingly spiked to $2,861 before it swooped to zero.
Squid Game cryptocurrency hucksters reportedly made $4.38 million off the project. Unfortunately, those who never saw the plummet coming lost their entire lives of savings.
Now, what’s the lesson do can we get from this? Of course, the ancient-old investing golden rule, “Never invest money that you are not ready to lose in any cryptocurrency.” If you are going to make a crypto investment, you have to make sure that even if your investment goes south, the amount of money you’ll lose won’t greatly affect your life.
However, Shiba Inu (SHIB) is an entirely different case from the fake Squid Game coin since it has a market cap of $19 billion at the time of writing. This is quite bigger than companies in the stock market like Pinterest or Robinhood to give you a reference.
The cryptocurrency world is just too full of surprises to the point that you won’t be surprised when something unexpected happens. The joke was a bit unfunny, but it makes sense, doesn’t it? The cryptocurrency world is getting out of hand, and no one knows what’s coming next. Only time can tell if Shiba’s value can compete with Apple in the coming years.
If you are still doubting cryptocurrency’s capability to make you money, hear this out.
SHIB initially started its journey just to make fun of Dogecoin, but its valuation has now exceeded Dogecoin. Currently, Dogecoin (DOGE) and Shiba Inu (SHIB) are worth more than 388 of the companies included in the S&P 500. This only shows that even Wall Street’s biggest investors are making as much money.
Getting to Know Shiba Inu (SHIB)
Dogecoin is established on Ethereum’s network. If you’re confused about how a coin is based on another coin, keep in mind that Ethereum isn’t just a cryptocurrency but is also a platform where one can build a crypto project or another currency.
Shiba Inu commenced with one quadrillion tokens. That’s worth 1000 trillion! Shiba’s price per coin was just $0.0000000001 when it was first launched. So, if you purchased $1 worth of Shiba coins back in January 2021, you would have become a Shiba millionaire, and a thousand dollars worth of Shiba coins would have made you into a billionaire.
However, you have missed the chance to overtake Elon Musk, and Shiba’s price has now grown to $0.00006610 per token, so $1 worth of Shiba will no longer make you millions.
There is a Shiba price prediction that you can consider.
If not billions, you would be able to make millions if Shiba reaches a $1 mark. Let’s not get that far. Even if the price hits $0.1, it would still be a good investment. However, most crypto investors fail to see nowadays that the price tag literally means nothing. It is more important to look at the market cap.
On the chance that Shiba crosses $0.01, its market capitalization would be worth more than four times what Bitcoin, the biggest crypto, is worth today. It’s also going to be worth more than Ethereum, the very network that it’s based on. But does this actually make sense?
Going back to the heart of this article— how can you become a Shiba millionaire with $100? Perhaps, you could wish on a genie or to your angels for SHIB to reach the $1 or $0.1 mark. This is the only option you have.
People who claim that Shiba could hit the $1 mark are either foolish or just creating hype around it.
